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Showing posts from November, 2017

My Top 10 Favorite Tools for E-Commerce & Online Entrepreneurs

Everyone has their favorite tools of the trade when it comes to running an online business and growing sales. E-commerce professionals are seeing an explosion of apps, subscription services and software packages hitting the market, aimed at improving your chance of success. Some are tried and true heavyweights of the industry.  Others are skillful newcomers looking to unseat the big boys. This list could be a Top 50 really. But these are my 10 favorite tools for researching, growing and eventually selling your ecommerce business. Jungle Scout –  Founder Greg Mercer has fashioned an incredible brand on the backbone of some unbelievable data-building and programming skills. I admire Greg tremendously. I highly recommend his Youtube channel. It’s worth spending time going through his “Million Dollar Case Study.” Every Amazon seller and e-commerce owner will learn something. Jungle Scout’s team scours millions of sales a week on Amazon to produce some phenomenal research...

How to Value Your Online Business? Let Me Share A Dirty Little Secret

As specialists in selling online, e-commerce and tech businesses, there is one question we get more than any other. By a mile.  Our prospective clients overwhelmingly want to know what value we put on their company and how we arrive at that number.  Is there some secret formula or factor that’s used to determine value? It leads me into a discussion about what I’d call the “dirty little secret” of business valuation. There are many, many factors which can push the number up or pull the number down. It’s extremely important for owners of digital firms to fully understand these drivers as they approach the decision to put the company up for sale. One Owner’s Expectations Here’s a real-world example, a phone call I had last week with a successful business owner I’ll name Jeff. Five years ago Jeff started an Amazon FBA business selling accessories in the consumer electronics niche. He’d grown the business each year through aggressive re-targeting efforts, through both...